Insights
Insightful Perspectives with Meaningful Impact
Court ruling allowing repatriation of stolen cars to the UK
Harris Kyriakides LLC, acting in association with a UK law firm, has successfully represented a UK based leading insurer and provider of fleet management services in civil proceedings related to the return of stolen vehicles - Read More...
Buying property in Cyprus made easier for non EU citizens
In an effort to boost the property market and enhance the attractiveness of Cyprus for foreign investment, Cyprus has implemented measures that allow for citizens of non EU countries to acquire more than one - Read More...
Amendments on Cyprus stamp duty laws to apply from March 2013
Cyprus stamp duty is levied on ‘documents’ (i.e. written agreements/contracts) relating to assets located in Cyprus and/or matters or things taking place in Cyprus. As of March 1, 2013, the calculation of stamp duty - Read More...
Exaggerated claims in motor accident cases under the microscope of the Supreme Court
It is a usual phenomenon for claimants in motor accident claims to claim for ‘a little something extra’ following a genuine loss. This practice stems from the perception that there is nothing to lose - Read More...
Cyprus and Ukraine sign new DTA
On 08 November 2012 Cyprus and Ukraine signed a new double taxation treaty, replacing the old convention of 1982 concluded with USSR. According to the principle terms of the Treaty, the withholding tax on - Read More...
Cyprus Presidency of the European Council: Priorities on Civil and Criminal matters
During its Presidency, Cyprus will work Τowards a Better Europe, more relevant to its citizens and to the world; meaning a more effective Europe, contributing to growth and job creation. A European Union working on - Read More...
Cyprus implements scheme for swift electronic entry visas for Ukrainian citizens
In September 2012, Cyprus has implemented a scheme enabling electronic entry visas for Ukrainian citizens. Electronic visa provides for a single entry in Cyprus within 6 months for a period up to 90 days. This - Read More...
Rapid procedures for Cyprus residence permits to investors
On 23 August 2012, the Cyprus Ministry of Interior has issued a new framework that embraces an accelerated procedure for granting residence permits to applicants investing in Cyprus. The new framework emphasizes the need for - Read More...
Cyprus Supreme Court in full bench rules on sham hire purchase agreements
In an 11-2 majority decision, the full bench of the Cyprus Supreme Court has ruled on the question of a Bank’s entitlement to receive funds drawn pursuant to a credit facility, in the event - Read More...
EU Commission opens public consultation οn cross-border road traffic accidents
The EU Motor Insurance Directive 2009/103/EC (“Insurance Directive”) is intended to help EU residents involved in a road accident in another EU country. Under the Directive, subscribers to compulsory motor insurance policies in all EU - Read More...
Exemptions in anti-usury law in aid of international business
Following the introduction of interest rate ceilings last year, the law has now been amended to allow exemption on usury sanctions in cases where loans are related to international finance transactions. According to section - Read More...
Double-tax avoidance agreement between Cyprus and Poland
Cyprus and Poland signed an amendment to the current double tax treaty agreement between the two countries, introducing substantial benefits for entrepreneurs using Cyprus companies as investment vehicles in Poland. The amended double tax - Read More...